Welcome to our dedicated page for Pathfinder Ventu news (Ticker: RVRVF), a resource for investors and traders seeking the latest updates and insights on Pathfinder Ventu stock.
Pathfinder Ventu (RVRVF) operates premier RV resorts and manufactured housing communities, combining outdoor hospitality with affordable living solutions. This news hub provides investors and industry observers with timely updates on strategic developments, financial performance, and operational milestones.
Track the company's initiatives – from land-lease expansions and property acquisitions to management agreements and capital structure updates. Our curated news collection offers essential insights into Pathfinder Ventu's growth in the outdoor hospitality sector and manufactured housing market.
Key updates include earnings announcements, partnership developments, sustainability initiatives, and portfolio diversification efforts. This resource serves as your centralized tracking point for understanding RVRVF's market position and operational strategies.
Bookmark this page to stay informed about Pathfinder Ventu's progress in creating premium camping experiences while addressing housing affordability through innovative community models. Check regularly for new releases that impact investment analysis and industry trends.
Pathfinder Ventures Inc. announced an expansion into Eastern Canada by securing the Right of First Refusal on 5 individual RV resorts and signing a management agreement for 5 RV Resort assets. The company strategically added properties in Ontario and Nova Scotia, increasing its total number of RV Resorts to nine. The 24-month ROFR provides the exclusive opportunity for acquisition, while the management agreement is expected to boost revenue and facilitate seamless integration into Pathfinder's portfolio. CEO Joe Bleackley emphasized the strategic significance of the expansion and potential for growth in key tourism markets.
Pathfinder Ventures Inc. (RVRVF) announced strong third-quarter results for the period ending September 30, 2022, with revenues soaring by 19% to $1,402,325. EBITDA increased by 7% to $374,545, while net loss from operations decreased by 30% to -$121,136. Occupancy rates improved by 17%, reaching 71%. Despite increased operating expenses related to new acquisitions and other costs, the company reported a year-to-date cash inflow of $317,512, signaling a positive trend in operational cash flow.
Pathfinder Ventures Inc. (RVRVF) reported a 47% booked occupancy rate for Q4 2022 and Q1 2023, aiming for 50%. This represents a 9% year-over-year increase for its Pathfinder Camp Resorts. The strong occupancy results stem from its successful Winter Stay Program, with 96% of sites reserved. The Fort Langley location is nearing full capacity at 98%, while Agassiz shows a 34% year-over-year growth. The company anticipates releasing Q3 financial results on November 28th.
Pathfinder Ventures Inc. (TSXV: RV, OTCQB: RVRVF) reported a record 73% occupancy during the Thanksgiving weekend, marking an 18% increase from last year. Camp Resorts in Fort Langley and Agassiz-Harrison achieved high occupancy rates of 93% and 81% respectively. CEO Joe Bleackley noted a growing demand for outdoor recreation, with early and extended camping seasons. The company is also witnessing increased interest in its winter camping program, appealing to full-time RV users amidst rising housing costs and inflation.
Pathfinder Ventures Inc. (RVRVF) has announced a successful close to its Q3 season, achieving a 71% occupancy rate from July 1 to September 30, representing a 17% year-over-year increase from 54%. Key contributors to this growth include a 36% increase in Agassiz-Harrison and a 40% increase in Parksville locations. The company plans to release its Q3 financial results on November 28.
Pathfinder continues to enhance guest experiences with new programs and anticipates growth in shoulder and winter occupancy.
Pathfinder Ventures Inc. (RVRVF), announced a significant growth in its financial performance for Q2 2022, achieving revenues of $916,938—an 81% increase from $507,891 in Q2 2021. Despite facing lower April occupancy rates due to severe winter conditions, the company saw occupancy surge at its Agassiz location. EBITDA improved to $54,395 from a loss of $398,367. However, operating expenses rose to $1,251,658, leading to a net loss from operations of $401,086. Pathfinder is focused on expanding its network of upscale RV parks, with ongoing developments in Agassiz.
Pathfinder Ventures (RVRVF) announces a robust outlook for the RV and camping market, with bookings increasing by 36.3% compared to last year, totaling 16,149 site nights booked from June 20 to September 4, 2022. Despite inflation and rising fuel costs, non-local customers are still drawn to the company’s offerings, as more locals choose nearby resorts. New hard-roofed accommodations and RV rentals have been introduced at Fort Langley and Parksville, meeting strong initial demand. Pathfinder is also targeting partnerships to attract European tourists.
Pathfinder Ventures Inc. (RVRVF) announced its Q1 2022 financial results, reporting revenues of $459,078, up from $313,735 in Q1 2021. Operating expenses increased to $1,178,862 from $746,497, leading to a net loss of $748,258 compared to $435,502 in the previous year. Cash and cash equivalents stood at $2,068,772. The company aims to expand operations and enhance guest experiences at its British Columbia campgrounds.
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